
I once listened to a 7-figure earning leadership branding guru. He taught me his secret Fast Money formula. In this post I’ll share part one of this Fast Money secret. On Thursday you’ll discover part two and how to meet this mentoring guru.
Let’s decode the first 4 letters of “FAST MONEY” now:
# 1. Use the magic Formula (F)
Like any great tasting dish can enchant your guests, so should a magic formula work for your business. The magic formula is a perfect combination of perfect traffic meets perfect product. A company like McDonald is a good example of this. They build restaurants in places with high traffic and offer these moving customers fast food. Fast food, is perhaps not the most healthy food, but it sure is the perfect product for people on the move!
#2 Start with Automation (A)
Web traffic needs guidance. Apply traffic generators to boost traffic to your website. Todays web technology offers you YouTube videos, landing pages, blog posts, newsletters, podcasts, banner ads, Google Adwords, Facebook ads, Yahoo! smart ads or Facebook pages. These proven traffic generators allow you to automate web traffic to your site. This means you generate traffic 24/7, even when you sleep your business is alive and kicking.
#3 Make it Scalable (S)
From 1 order to 100 orders. Make sure your business can easily handle this volume increase. Here’s the secret. Your business should not depend on you. The only way to do this is either by automation and by building a team of great people who sell your products.
#4 Follow Trends (T)
Trends are highly related to culture and society. Any idea what baby boomers who are retiring like to do with their free time? They like to discover new places. Today, travel is one of the biggest industries. We are talking about a multi billion dollar industry. And a lot of people book their vacations online! Now, imagine how many people could start a home business by offering awesome vacations. It’s following these trends that open the gate to new opportunities.
Now, this ends part one of the Fast Money Formula. Come back Thursday to discover part two. I will also share the name of the 7-figure earner and a link to the source who fed me with all this knowledge.
If you like to leave a comment, please use the box below. Thanks in advance.
Juan is also the senior editor and contributing author of Nieuwe Media Gids. An online magazine to support Dutch entrepreneurs and marketers with new media marketing.
Juan writes for one of the 4 major magazines in the US, fb&business, where he shares his latest insights on Facebook for business.
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